Russia Plans to Revive 'Frozen' Trans-Balkan Pipe.

Russian oil company Transneft has not given up the Burgas-Alexandroupolis oil pipeline and plans to return to the project in the future.

Transeft vice-chair Mikhail Barkov stated at a forum in Moscow that his company plans to build the pipeline at a more favorable point in time.

"We will not leave the project behind. We are just freezing it, leaving the requisite amount of resources in it," said Barkov.

In December, Bulgaria, through which a large section of the pipe was to pass, gave up the project, with Minister of Finance Simeon Djankov saying that it is not profitable for his country.

...